Futures and Commodity Market News

The "Australia
and New Zealand (ANZ) Managed Security Services Market, Forecast to 2021"
report has been added to ResearchAndMarkets.com's
offering.

The ANZ economy has been relatively on the downside in 2016. Crude oil
prices slumped, which directly impacted the strength of the currencies,
both the Australian dollar and the Kiwi. As the market carries a weak
sentiment, enterprises are cautious of their spending. Nonetheless, MSS
demand in the Australian market remained positive, growing at 12% on a
YoY basis in 2016. The strong presence and high maturity of the local
MSS participants will support in mitigating the constantly advancing
threat landscape.

In addition to market growth analysis, the study highlights the driving
forces of the managed security services (MSS) market. The shortage of
cyber security professionals with strong expertise was the top factor
driving enterprises to engage with MSSPs to help them cope with new
security challenges. The evolution of advanced threats continued to
cause greater operational pressure on companies, driving them to look at
MSSPs to reduce the pressure and better security threat management. The
introduction and amendment of cyber security laws and regulations are
urging companies to focus more on regulatory compliance. The shift from
CapEx to OpEx continued to take place across the APAC region, prompting
companies to outsource parts of their security practices to focus more
on the revenue-generating operations.

Market trends have been analyzed for the period 2015 to 2021, with 2016
as the base year. Hosted security services (HSS) and customer-premises
equipment (CPE)-based management and monitoring services are the key
service segments in this study. Vertical segmentation includes the
government, banking, financial services, and insurance (BFSI), service
provider, manufacturing, education, and other sectors including
pharmaceuticals, retail, logistics, oil and gas, energy, mining,
agriculture, Information Technology (IT)/IT-enabled services (ITeS),
eGaming, eCommerce, and business process outsourcing (BPO).